King & Wood Mallesons (KWM) has advised Corsair Infrastructure Partners (CIP), the global infrastructure investment business of Corsair Capital, on the sale of Gateway Infrastructure Investments’ stake (which is managed by CIP) in DP World Australia (DPWA) to DP World and to new investment funds managed by CIP. Closure of the transaction, expected to be later in Q1 2019, is subject to regulatory approvals.

The transaction will result in DP World holding a majority stake in DPWA, alongside a substantial minority investment by new CIP-managed funds.

King & Wood Mallesons (KWM) is advising GTA Semiconductor Co., Ltd. (GTA Semiconductor), an indirect wholly-owned subsidiary of China Electronics Corporation (CEC), on its privatisation of Advanced Semiconductor Manufacturing Corporation Limited (ASMC, HKEX Stock Code: 3355) by way of merger by absorption.

Gowling WLG advised Accengage, the European leader in mobile CRM and push notification technologies, on its sale to the American Urban Airship.

The international law firm advised Accengage, the European leader in push notification technologies for mobile applications, websites and Facebook Messenger, in connection with its sale to Urban Airship.

McGuireWoods lawyers in London and the United States advised UK provider of essential components and solutions Essentra PLC (LSE: ESNT) in selling its Pipe Protection Technologies business to National Oilwell Varco, Inc. (NYSE: NOV), a Texas-based oil and gas equipment provider. The US$48 million (£38 million) cross-border transaction involving assets in the UK, Canada, Mexico and the United States closed Jan. 14.

International law firm Ashurst is advising global leading education provider Navitas Limited ('Navitas') on the revised non-binding and conditional proposal received from the BGH Consortium to acquire 100% of the outstanding shares in Navitas, for an increased offer price of A$5.825 cash per share, by way of a scheme of arrangement.

The corporate team at Shoosmiths has advised the shareholders of Warwickshire-based environmental compliance experts Valpak on its sale to Telford-based Reconomy, the UK’s leading provider of outsourced waste management and recycling services, for an undisclosed sum.

The Shoosmiths team was led by Alistair Hammerton, and Ben Turner, with support from corporate solicitor Nick Little, tax partner Kate Featherstone, tax solicitor Grace Endley, banking partner David Adams, employment partner Charlie Rae and pensions partner Lynette Lewis.

CMS Russia has advised shareholders of Western Siberian Commercial Bank (WSCB) on the sale of their shares representing a total of 71.8 percent of the bank’s share capital to VTB Bank.

WSCB is one of the leaders in the banking sector of the Ural Federal District and holds the 56th place in the Russia-wide Interfax rating, with assets worth RUB 117bn and serving more than 600,000 retail and 21,000 corporate customers.

International legal practice Osborne Clarke has advised the shareholders of GTK (Holdco) Limited, which included various individuals and funds administered by YFM Equity Partners, on its sale to Volex plc for a total consideration of approximately £14.3 million.

The full announcement can be found on Voltex’s website.